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    15201 Cicero Ave Oak Forest, IL 60452

    Sponsored
    For Lease
    Contact for pricing

    Prime Cicero Ave. Drive-Thru Site

    Lot size:
    14,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land parcel in Oak Forest, Illinois, presents a unique opportunity for ground lease or build-to-suit development. Located on a highly visible hard corner of busy Cicero Avenue, this property boasts unparalleled accessibility. Its strategic placement directly at a PACE bus stop ensures high pedestrian traffic and convenient public transportation access. The proposed building design accommodates a drive-thru configuration, ranging from 1,950 to 2,240 square feet, ideal for a variety of quick-service businesses. The site benefits from its proximity to a major intersection at 147th Street, a hub of commercial activity anchored by established national brands including Walgreens, Dunkin', Subway, Dollar General, and Thorntons. This location is further enhanced by its dense residential surroundings, providing a substantial customer base. Adding to its appeal, the property is conveniently situated just a few blocks from both a Metra train station and Oak Forest High School, guaranteeing a consistent flow of potential customers. This is an exceptional opportunity to establish a thriving business in a high-traffic, well-populated area. The property is zoned for commercial use within Cook County. Serious inquiries are encouraged.

    Property Features for 15201 Cicero Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,444 SF

    Unit(s) available at that property

    Space
    Size
    14,444 SF

    HighLights

    • Commercial land available for ground lease or build‑to‑suit in Oak Forest, IL.
    • High‑visibility hard corner lot on busy Cicero Avenue.
    • Proposed drive‑thru building, 1,950‑2,240 square feet.
    • Located at a PACE bus stop.
    • One block from a major intersection with national retailers.
    • Surrounded by residential neighborhoods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Forest
    County
    Cook
    State
    Illinois
    Longitude
    -87.7365953
    Latitude
    41.6159065

    Nearby Comparable

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    Nearby Similar for Lease

    • Contact for pricing
      94,525 SF

      Oak Forest Commercial Space Available

      10,000 sq ft building on 2+ acres for lease.
      5333 W 151St St, Oak Forest, IL 60452
      View Details
    • Contact for pricing
      94,525 SF

      Oak Forest Commercial Facility For Lease

      10,000 Sq Ft building on 2+ acres for lease.
      5333 W 151St St, Oak Forest, IL 60452
      View Details
    • Contact for pricing
      94,525 SF

      Oak Forest Commercial Facility For Lease

      10,000 SF divisible building on 2+ acres for lease.
      5333 W 151St St, Oak Forest, IL 60452
      View Details
    • $35 SF/Yr
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      New Retail Building with Drive-Thru

      New construction retail building with drive-thru in Oak Forest.
      15541 Cicero Ave, Oak Forest, IL 60452
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    • Contact for pricing
      13,908 SF

      Scarborough Fare Retail Complex

      Oak Forest, IL retail space available
      5544 147Th St, Oak Forest, IL 60452
      View Details
    • Contact for pricing
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      Retail Space in Oak Forest

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    FAQs

    What type of property is this?
    Land - Prime Cicero Ave. Drive-Thru Site
    Where is this land located?
    The property is located at 15201 Cicero Ave Oak Forest, IL.
    What are key features of this property?
    This property features: Commercial land available for ground lease or build-to-suit in Oak Forest, IL.; High-visibility hard corner lot on busy Cicero Avenue.; Proposed drive-thru building, 1,950-2,240 square feet.
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    15201 Cicero Ave Oak Forest, IL 60452
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    Oak Forest, IL 60452
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15201 Cicero Ave Oak Forest, IL 60452
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